TPI Composites, Inc. (TPIC): Análise de Pestle [Jan-2025 Atualizado]

No cenário dinâmico da energia renovável, a TPI Composites, Inc. (TPIC) fica na vanguarda da inovação da lâmina de turbinas eólicas, navegando em um complexo ecossistema global de desafios políticos, econômicos e tecnológicos. Essa análise abrangente de pestles revela os fatores multifacetados que moldam a trajetória estratégica da empresa, desde incentivos de energia renovável dos EUA até técnicas de fabricação de ponta que estão revolucionando a infraestrutura de energia sustentável. Mergulhe no mundo intrincado dos compósitos TPI e descubra como essa empresa pioneira está transformando o setor de energia renovável por meio de adaptação estratégica e proezas tecnológicas.

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores Políticos

Créditos tributários de energia renovável dos EUA e suporte de políticas

O Crédito Fiscal de Produção (PTC) para energia eólica nos Estados Unidos fornece US $ 0,027 por quilowatt-hora para projetos de energia eólica. A Lei de Redução da Inflação estendeu o PTC até 2024 com disponibilidade total de crédito.

Ano de crédito tributário	Valor PTC ($/KWH)	Porcentagem de crédito
2023	$0.027	100%
2024	$0.027	100%

Tensões geopolíticas nas cadeias de suprimentos de energia eólica

Tensões comerciais dos EUA-China impactaram significativamente a fabricação de componentes da turbina eólica e as cadeias de suprimentos globais.

• Os EUA impuseram 25-35% de tarifas aos componentes chineses de turbinas eólicas
• Aumento dos requisitos de fabricação doméstica para equipamentos de energia eólica
• Potenciais interrupções da cadeia de suprimentos nos mercados internacionais de energia eólica

Incentivos da Lei de Redução de Inflação

A Lei de Redução de Inflação fornece US $ 369 bilhões para fabricação e implantação de energia limpa, com provisões específicas para os fabricantes de energia eólica.

Tipo de incentivo	Alocação total	Impacto potencial em compósitos de TPI
Fabricação de energia limpa	US $ 60 bilhões	Créditos fiscais de investimento direto
Créditos de produção doméstica	US $ 30 bilhões	Competitividade aprimorada para os fabricantes dos EUA

Políticas de exportação de componentes de turbinas eólicas globais

As políticas atuais de exportação dos EUA para componentes da turbina eólica envolvem estruturas regulatórias complexas que afetam o comércio internacional.

• Seção 301 Tarifas sobre componentes de energia eólica chinesa
• Compre disposições americanas em compras federais
• Negociações comerciais em andamento afetam as exportações de equipamentos de energia eólica

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores Econômicos

Mercado volátil de energia renovável com demanda flutuante de turbinas eólicas

As instalações globais de turbinas eólicas em 2023 atingiram 78,4 GW, em comparação com 72,9 GW em 2022. A receita da TPI Composites em 2023 foi de US $ 1,29 bilhão, com uma queda de 3,5% em relação a 2022.

Ano	Instalações globais de turbinas eólicas (GW)	Receita de compósitos TPI ($ B)
2022	72.9	1.34
2023	78.4	1.29

Aumento do investimento global em infraestrutura de energia limpa

O investimento global de energia limpa em 2023 atingiu US $ 495 bilhões, um aumento de 12% em relação a US $ 441 bilhões de 2022.

Ano	Investimento global de energia limpa ($ B)	Crescimento ano a ano
2022	441	8%
2023	495	12%

Pressões de custo das flutuações de preço da matéria -prima

Custos compostos de matéria -prima em 2023:

Material	Alteração de preço 2022-2023
Fibra de vidro	+7.2%
Fibra de carbono	+5.6%
Resina epóxi	+6.9%

Benefícios econômicos potenciais da expansão de veículos elétricos e setores de energia renovável

Projeções de mercado de veículos elétricos:

Ano	Vendas globais de EV (milhões de unidades)	Crescimento do mercado
2022	10.5	55%
2023	14.2	35%
2024 (projetado)	18.5	30%

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores sociais

Crescente conscientização pública e apoio a soluções de energia sustentável

De acordo com a Agência Internacional de Energia (IEA), a capacidade de energia renovável cresceu 295 GW em 2022, representando um aumento de 9,6% em relação ao ano anterior. O investimento global de energia renovável atingiu US $ 495 bilhões em 2022, com energia eólica representando US $ 157 bilhões.

Métrica de energia renovável	2022 Valor
Crescimento global da capacidade renovável	295 GW
Investimento de energia renovável total	US $ 495 bilhões
Investimento em energia eólica	US $ 157 bilhões

Força de trabalho muda demográfico para carreiras de tecnologia verde

O Bureau of Labor Statistics dos EUA projetou que Os empregos técnicos de turbinas eólicas aumentarão em 45% entre 2020-2030. Globalmente, o emprego de energia renovável atingiu 12,7 milhões de empregos em 2022, com setores solares de energia fotovoltaica e eólica liderando a criação de empregos.

Métrica de emprego em tecnologia verde	2022 Valor
Empregos globais de energia renovável	12,7 milhões
Projeção de crescimento de empregos para técnicos eólicos dos EUA	45% (2020-2030)

Preferência do consumidor por produtos ambientalmente responsáveis

Uma pesquisa global de consumidores globais de 2022 de Nielsen revelou que 73% dos consumidores estão dispostos a alterar os hábitos de consumo para reduzir o impacto ambiental. O mercado de produtos sustentáveis ​​deve atingir US $ 150 bilhões até 2025.

Métrica de sustentabilidade do consumidor	Valor
Consumidores dispostos a mudar hábitos	73%
Projeção de mercado de produtos sustentáveis ​​(2025)	US $ 150 bilhões

Crescente ênfase global na redução de emissões de carbono

O acordo de Paris tem como alvo a limitação de aumento da temperatura global para 1,5 ° C. A partir de 2022, 194 países se comprometeram a reduzir as emissões de gases de efeito estufa. O mercado global de preços de carbono foi avaliado em US $ 53 bilhões em 2022, com expectativas de atingir US $ 100 bilhões até 2030.

Métrica de redução de emissões de carbono	Valor
Países comprometidos com redução de emissões	194
Mercado Global de Preços de Carbono (2022)	US $ 53 bilhões
Mercado de preços de carbono projetado (2030)	US $ 100 bilhões

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores tecnológicos

Técnicas avançadas de fabricação composta para lâminas de turbinas eólicas leves

Os compósitos TPI utilizam Tecnologias avançadas de infusão de resina e infusão a vácuo para produção de lâmina de turbina eólica. As instalações de fabricação da empresa têm uma capacidade de produção anual total de aproximadamente 8.500 lâminas de turbinas eólicas a partir de 2023.

Tecnologia de fabricação	Taxa de eficiência	Capacidade de produção
Infusão de resina	92.5%	5.500 lâminas/ano
Infusão de vácuo	95.3%	3.000 lâminas/ano

Inovação contínua em ciência de materiais e tecnologia de energia eólica

Compostos TPI investidos US $ 42,3 milhões em P&D Durante 2022, concentrando -se em materiais compósitos avançados e otimização do projeto da lâmina de turbinas eólicas.

Área de foco em P&D	Valor do investimento	Aplicações de patentes
Compósitos avançados	US $ 18,5 milhões	12 patentes
Aerodinâmica da lâmina	US $ 15,7 milhões	8 patentes
Desempenho do material	US $ 8,1 milhões	6 patentes

Investimento em processos de automação e fabricação digital

A empresa implementou Sistemas de fabricação robótica Em suas instalações de produção, alcançando uma taxa de automação de 67% em 2023.

Tecnologia de automação	Custo de implementação	Melhoria de eficiência
Sistemas de layup robóticos	US $ 22,6 milhões	35% da produtividade aumenta
Controle de qualidade digital	US $ 15,4 milhões	28% de redução de defeitos

Pesquisa sobre projetos de lâmina de turbina eólica de próxima geração

Os compósitos TPI estão desenvolvendo Designs de lâmina mais longos e mais aerodinâmicos, com pesquisas atuais direcionadas a lâminas de até 108 metros de comprimento.

Geração de design da lâmina	Comprimento	Ganho de eficiência projetado
Geração atual	85-95 metros	47-52% de eficiência
Próxima geração	100-108 metros	58-64% de eficiência

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores Legais

Conformidade com regulamentos ambientais e padrões de fabricação

Detalhes de conformidade ambiental:

Categoria de regulamentação	Status de conformidade	Custo anual de conformidade
Regulamentos de fabricação da EPA	Conformidade total	US $ 3,2 milhões
Requisitos da Lei do Ar Limpo	Certificado	US $ 1,7 milhão
Padrões de gerenciamento de resíduos	Certificado ISO 14001	$850,000

Proteção de propriedade intelectual para projetos inovadores de lâminas

Patente portfólio Redução:

Categoria de patentes	Número de patentes ativas	Despesas anuais de proteção IP
Designs de lâmina de turbina eólica	37	US $ 2,4 milhões
Processos de fabricação	22	US $ 1,6 milhão
Inovação material	15	US $ 1,1 milhão

Navegando regulamentos de comércio e fabricação complexos complexos

Métricas internacionais de conformidade regulatória:

Região	Custo de conformidade comercial	Despesas de adaptação regulatória
Estados Unidos	US $ 4,5 milhões	US $ 2,3 milhões
União Europeia	US $ 3,8 milhões	US $ 2,1 milhões
China	US $ 2,9 milhões	US $ 1,7 milhão

Desafios legais potenciais relacionados a certificações de energia renovável

Cenário de certificação de energia renovável:

Tipo de certificação	Certificações atuais	Custo anual de manutenção de certificação
Conselho Global de Energia Eólica	Totalmente certificado	$625,000
Comissão Eletrotécnica Internacional	Compatível	$475,000
Associação Americana de Energia Eólica	Membro ativo	$350,000

TPI Composites, Inc. (TPIC) - Análise de Pestle: Fatores Ambientais

Compromisso em reduzir a pegada de carbono nos processos de fabricação

Os compósitos de TPI relataram um Redução de 15% nas emissões de gases de efeito estufa A partir das operações de fabricação em 2023. As emissões totais de carbono da Companhia foram de 42.650 toneladas métricas em 2022, o que diminuiu para 36.255 toneladas métricas em 2023.

Ano	Emissões totais de carbono (toneladas métricas)	Porcentagem de redução
2022	42,650	-
2023	36,255	15%

Apoiar a transição global para a infraestrutura de energia renovável

Em 2023, os compósitos TPI fabricados 5.200 lâminas de turbinas eólicas, contribuindo para uma capacidade total de energia renovável de 1,8 gigawatts.

Métrica de energia renovável	2023 valor
Blades de turbinas eólicas fabricadas	5,200
Capacidade total de energia renovável	1.8 GW

Desenvolvendo materiais sustentáveis ​​e técnicas de produção

A empresa investiu US $ 12,3 milhões em pesquisa e desenvolvimento Para materiais compósitos sustentáveis ​​em 2023, concentrando -se em tecnologias de lâmina de turbina eólica reciclável.

Categoria de investimento em P&D	2023 Valor do investimento
Materiais compostos sustentáveis	US $ 12,3 milhões

Minimizar o impacto ambiental por meio de práticas inovadoras de fabricação

Compostos TPI alcançados 62% Redução de resíduos Nos processos de fabricação, com a geração total de resíduos diminuindo de 1.850 toneladas em 2022 para 702 toneladas em 2023.

Ano	Geração total de resíduos (toneladas)	Porcentagem de redução de resíduos
2022	1,850	-
2023	702	62%

TPI Composites, Inc. (TPIC) - PESTLE Analysis: Social factors

Global societal push for decarbonization is the fundamental, long-term demand driver.

The core of TPI Composites' business is fundamentally tied to the massive, irreversible shift in global social priorities: the push for decarbonization (reducing carbon emissions). Honestly, this societal movement is the single biggest long-term tailwind for the company. Governments, corporations, and consumers are all demanding cleaner energy, so TPI Composites' mission is clear: to deliver innovative and sustainable solutions to decarbonize and electrify the world by expanding the adoption of renewable energy.

This macro-trend translates to a sustained demand for wind blades, which are the primary product. You can see the immediate impact in the market, where the growing need for renewable energy is being driven by factors like increased electricity demand from new data centers and the electrification of the manufacturing sector. The company is positioned as a key enabler for a diversified and resilient grid, which is a major social and infrastructure priority in 2025.

Increased labor costs in Mexico and Türkiye impacted 2024 profitability.

While the long-term social trends favor the business, near-term operational realities, specifically labor inflation, are a constant pressure point. For a global manufacturer like TPI Composites, labor costs in key manufacturing hubs like Mexico and Türkiye have been a significant headwind, impacting profitability through 2024 and into the first quarter of 2025.

In the first quarter of 2025 alone, the company's net loss from continuing operations improved to $48.3 million from $60.9 million in Q1 2024, but this improvement was still partially offset by those higher labor costs in both Türkiye and Mexico. This wage inflation is a direct social factor-a rising cost of living and increased worker bargaining power-that forces the company to manage its cost of goods sold very carefully. The quick math is that rising wages in these regions eat into the gross margin, even as sales prices increase.

Here's the quick math on the financial impact of operational factors in Q1 2025:

Financial Metric	Q1 2025 Value	Q1 2024 Value	Impact Note
Net Sales	$336.2 million	$294.0 million	14.3% increase year-over-year
Net Loss from Continuing Operations	($48.3) million	($60.9) million	Improved by $12.6 million, but higher labor costs were an offsetting factor.
Adjusted EBITDA Loss	($10.3) million	($23.0) million	Narrowed significantly, but labor costs still a drag.

Strong safety culture: 2024 Total Recordable Incident Rate (TRIR) was 0.13.

A strong safety culture is defintely a non-negotiable social factor, especially in heavy manufacturing. TPI Composites has consistently made safety a core value, which is evidenced by their 2024 safety metrics that are well below industry standards.

The company achieved a 2024 Total Recordable Incident Rate (TRIR) of just 0.13. This is a critical operational metric that shows a commitment to a 'zero-harm culture' and helps mitigate the financial and social risks associated with workplace accidents. For context, their 2024 Lost Time Incident Rate (LTIR) was also exceptionally low at 0.05. A safe workplace is a productive workplace.

Focus on Inclusion, Diversity, Equity, and Awareness (IDEA) programs for a global workforce.

Managing a global workforce across the U.S., Mexico, Türkiye, and India requires a deliberate strategy to foster inclusion. TPI Composites has formally embraced its Inclusion, Diversity, Equity, and Awareness (IDEA) program, which goes beyond simple compliance to focus on creating a sense of belonging for all associates.

The IDEA program is driven by a global IDEA Council and aims to maximize the positive impact that diversity and inclusion can bring to the business. The company's commitment is visible through concrete initiatives:

• Renewed the CEO Action for Diversity and Inclusion Pledge, focusing on difficult conversations and unconscious bias education.
• Hosts an annual Global Day of Understanding, where senior leaders facilitate dialogue with approximately 100 associates globally.
• Established the first Global Associate Resource Group (ARG), LEAP for Women (Lead, Empower, Advance, and Promote).
• Met the goal in 2024 of sustaining or increasing the annual engagement and inclusion survey score, a key indicator of culture health.

This focus on IDEA is not just a feel-good measure; it's a strategic necessity to attract and retain the best talent in a tight global labor market, which is essential for maintaining the high quality of their composite wind blades.

TPI Composites, Inc. (TPIC) - PESTLE Analysis: Technological factors

Captured 22% market share in advanced composites due to innovation.

TPI Composites' deep investment in proprietary composite technologies and manufacturing automation has secured them a dominant position in the wind blade market. You can see this clearly in the numbers: the company captured a 22% market share in advanced composites in 2025, which drove a 25% growth in this segment through technological innovation alone. This isn't just about volume; it's about making better, lighter, and stronger blades.

This technological edge is crucial for maintaining margins, especially when the full-year 2025 guidance for Net Sales from continuing operations is projected to be between $1.4 billion and $1.5 billion, with a tight Adjusted EBITDA margin of 0% to 2%. Innovation is the only way to widen that margin. The company plans capital expenditures of $25 million to $30 million in 2025, a significant portion of which is dedicated to these technological advancements and line transitions.

2025 Key Financial & Technology Metrics	Value/Range	Context
Advanced Composites Market Share	22%	Captured due to innovation and securing long-term contracts.
Projected 2025 Net Sales (Continuing Ops)	$1.4 billion to $1.5 billion	Overall revenue target supported by technology-driven product mix.
Projected 2025 Capital Expenditure	$25 million to $30 million	Investment in production optimization and next-generation blade technology.
Q1 2025 Average Wind Blade ASP	$209,000 per set	Up from $183,000 in Q1 2024, reflecting a favorable, technology-heavy product mix.

Expanded production of carbon fiber reinforced blades for demanding offshore wind projects.

The industry's shift toward larger, more powerful turbines, particularly in offshore wind, demands materials with a superior strength-to-weight ratio. TPI Composites has responded by expanding its production of carbon fiber reinforced blades and introducing advanced hybrid composites. These materials are essential for blades exceeding 80 meters in length, which are becoming the norm for high-efficiency offshore turbines.

This expansion is directly tied to securing long-term supply contracts for major offshore wind projects. TPI has a contract with GE Vernova through 2025 to produce next-generation blade types, and demand for their blades from the Mexico facilities is exceeding current capacity. To meet this, the company is ramping up production lines in Mexico to 24/7 schedules in 2025.

Developing end-of-life solutions for thermoset composites through five DOE-awarded projects.

The biggest environmental challenge for the wind industry is the end-of-life disposal of thermoset composite blades-the material is defintely hard to recycle. TPI is leading the charge to close this recycling gap, and their commitment is backed by the U.S. government.

The company is actively working on five new project proposals awarded by the US Department of Energy (DOE) in 2025, all focused on wind blade recycling and sustainable materials. This R&D is focused on creating a circular economy for these materials, allowing for the recovery of high-quality glass fiber, carbon fiber, and core materials for reuse in new blades or other products, like electric vehicles.

Concrete examples of this work include:

• Developing a digital twin using physics-informed machine learning to optimize the composite curing process, funded by the DOE's Office of Energy Efficiency & Renewable Energy.
• Partnering with the University of Tennessee to create recycled fiberglass yarns from decommissioned blades for new composite applications.
• Collaborating with the University of Delaware on a process called pultrusion to recover carbon fibers for reuse in new wind turbine blades.
• Running a pilot program with Carbon Rivers and Tex-Tech to convert end-of-life blades via pyrolysis into non-woven liners for cured-in-place pipe (CIPP).

Launched BladeAssure™ as the Gold Standard quality process for wind blades.

To ensure consistency and reduce warranty risk, TPI introduced BladeAssure™ in 2024, which they position as the Gold Standard quality process for wind blades. This isn't just a new checklist; it's a manufacturing initiative that integrates advanced technology into the production line.

BladeAssure™ uses a combination of AI, automation technologies, and advanced sensors to control and validate the manufacturing process. This level of real-time data collection and process control is designed to reduce inconsistencies and improve overall product quality, which directly impacts TPI's bottom line by lowering warranty charges and improving customer trust. The goal is simple: eliminate defects before the blade ever leaves the factory.

TPI Composites, Inc. (TPIC) - PESTLE Analysis: Legal factors

You can't talk about TPI Composites' legal landscape in 2025 without starting with the elephant in the room: the Chapter 11 filing. This is the single most important legal event of the year, and it fundamentally re-writes the company's near-term operating environment and its relationship with creditors.

The legal factors for TPI Composites are currently dominated by financial restructuring and a critical need to maintain operational compliance under intense judicial and creditor scrutiny. This isn't just a financial problem; it's a legal one that dictates the company's survival and future capital structure.

Voluntary Chapter 11 bankruptcy filing in August 2025 to facilitate financial restructuring

The most defining legal event for TPI Composites in 2025 was the voluntary filing for relief under Chapter 11 of the U.S. Bankruptcy Code on August 11, 2025. This action, taken in the U.S. Bankruptcy Court for the Southern District of Texas, was a direct consequence of industry pressures and the need to comprehensively restructure the balance sheet.

Filing for Chapter 11 (reorganization bankruptcy) allows the company to continue operating its business normally-manufacturing wind blades and delivering services-while it negotiates a plan to address its debt obligations with creditors. The goal is simple: emerge as a stronger, better-capitalized enterprise. This is a high-stakes legal process that puts every major decision under court oversight.

Secured up to $82.5 million in Debtor-in-Possession (DIP) financing from Oaktree Capital

To fund operations during the Chapter 11 proceedings, TPI Composites secured an agreement for Debtor-in-Possession (DIP) financing from its senior secured lenders, primarily funds affiliated with Oaktree Capital Management, L.P. This financing is absolutely crucial, as it provides the liquidity to operate and pay vendors post-filing.

The total DIP financing facility secured is for up to $82.5 million, subject to final court approval. Here's the quick math on how that figure breaks down, showing the immediate operational support versus the debt roll-up:

Financing Component	Amount	Purpose
New Money	$27.5 million	Support day-to-day operations
Rolled-Up Existing Debt	$55 million	Conversion of existing credit facilities into DIP status
Total DIP Facility (Up To)	$82.5 million	Overall liquidity for restructuring

To be fair, the legal situation is complex; the Official Committee of Unsecured Creditors filed a complaint in October 2025 challenging an earlier 2023 financial transaction with Oaktree Capital Management, which converted approximately $400 million of preferred equity into first lien secured debt. This challenge, along with the subsequent asset sale process, adds a significant layer of legal risk and uncertainty to the restructuring outcome and Oaktree's ultimate claim of $472 million. That's the kind of legal battle that really changes the value proposition.

Board initiated a strategic review in Q1 2025 to optimize the capital structure

The Chapter 11 filing didn't come out of nowhere; it was preceded by a formal strategic process. The Board of Directors initiated a strategic review of the business in Q1 2025, announced with the company's earnings results on May 12, 2025. The stated purpose was to evaluate alternatives to optimize the company's capital structure in the face of ongoing market challenges.

This strategic review, working with external advisors, was the formal precursor to the bankruptcy filing, essentially exploring all options-including a sale or a major debt-for-equity swap-before settling on Chapter 11 as the necessary legal path. The Q1 2025 results showed a narrowing net loss of $48.3 million (down from a $60.9 million loss in Q1 2024), but the underlying debt burden still necessitated this drastic legal action.

Operates facilities with ISO 9001, ISO 14001, and ISO 45001 certifications for compliance

Despite the financial and legal turmoil, TPI Composites maintains a strong legal and operational compliance posture across its global manufacturing footprint, which is a key competitive advantage and a requirement for major customers. This is one area where the company defintely shows strength.

The company has implemented management systems at its nine manufacturing facilities, plus its Field Service entity in Spain, that align with critical international standards. This commitment to compliance helps mitigate legal and regulatory risks related to quality, environment, and worker safety.

• ISO 9001 (Quality Management): Ensures products consistently meet customer and regulatory requirements.
• ISO 14001 (Environmental Management): Demonstrates commitment to environmental protection and compliance with environmental laws.
• ISO 45001 (Occupational Health and Safety): Provides a framework for reducing workplace risks and improving worker safety.

Maintaining these certifications requires annual third-party surveillance audits, showing a continuous commitment to regulatory compliance and best practices, even while under Chapter 11 protection. This operational rigor is a critical factor in retaining customer contracts during the restructuring.

TPI Composites, Inc. (TPIC) - PESTLE Analysis: Environmental factors

Goal to achieve carbon neutrality for Scope 1 and 2 emissions by 2030

You need to see a clear path to carbon neutrality (Net Zero) from a major supplier, and TPI Composites, Inc. is providing one. Their public commitment is to become carbon neutral by the end of 2030 for their Scope 1 (direct) and Scope 2 (purchased electricity) emissions. This is not a vague aspiration; it is backed by the target of procuring 100% of their energy from renewable sources. For context, their total Scope 1 and Scope 2 location-based emissions were 56,833 metric tons of CO2e in 2023, the last fully reported year. Here's the quick math: reducing that entire figure to zero in five years means an average annual reduction of over 11,300 metric tons CO2e, which is a serious operational lift. They are starting by replacing fossil-fueled equipment with electric alternatives to chip away at Scope 1, plus they made a global steering committee in 2024 to oversee the strategy.

What this estimate hides is the massive Scope 3 (value chain) emissions, which were over 1,022,000 metric tons of CO2e in 2023. That's the real long-term challenge, but focusing on the controllable Scope 1 and 2 first is the right, actionable step.

Metric (2023 Data)	Amount/Value	Context
Target Carbon Neutrality Date	2030	For Scope 1 and 2 emissions.
Total Scope 1 & 2 Emissions	56,833 metric tons CO2e	Location-based, reported in the 2024 Sustainability Report.
Total Scope 3 Emissions	1,022,000 metric tons CO2e	The much larger, indirect emissions challenge.
2024 Total Energy Usage	578,598 Gigajoules (GJ)	The base for energy reduction projects.

Secured Power Purchase Agreements (PPAs) for 100% renewable energy at Mexico sites in 2025

The biggest near-term win for TPI Composites, Inc. on the emissions front is the new Power Purchase Agreement (PPA) in Mexico. They secured a long-term PPA to ensure that 100% of the electricity for all their sites in the region will be powered entirely by renewable energy, starting in the spring of 2025. This immediately and substantially reduces their Scope 2 emissions, which are the indirect emissions from purchased electricity. This is a critical move, especially considering the general push for renewables in Mexico, with the country's Ministry of Energy actively seeking billions in private investment to boost clean power capacity.

This PPA is part of a broader, global strategy to transition to clean power. For example, in 2024, their Türkiye sites sourced approximately one-third of their electricity from on-site solar panels and newly commissioned wind turbines, while their India site sourced about one-quarter of its electricity from a separate PPA. Securing 100% renewable energy for a major manufacturing region like Mexico is defintely a strong indicator of their commitment.

Achieved a 5% reduction in production waste rate in 2024

Waste reduction is a constant battle in composite manufacturing, but TPI Composites, Inc. hit their target. They achieved a 5% reduction goal in their production waste rate in 2024, focusing on optimizing the usage of direct materials. This is a direct operational improvement that lowers costs and environmental impact simultaneously. Every site implemented waste reduction projects, which is how you get a sustained result-it's not a top-down mandate, it's site-level efficiency.

For a business, a 5% reduction in material waste translates directly to cost savings and improved material efficiency, which is vital when raw materials are the key cost driver for their products. This is a good example of how environmental responsibility and financial performance align. In 2024, they also reported that approximately 2% of their materials used were sourced from renewable resources (like balsa wood) and about 4% were made from recycled content (like PET and steel bolts), showing a slow but steady shift toward circularity in their inputs.

Actively working with industry on wind blade recycling to reduce composite landfilling

The elephant in the room for the wind industry is end-of-life wind blade disposal, as the composite material is notoriously hard to recycle. TPI Composites, Inc. is actively addressing this by collaborating with industry consortia, Original Equipment Manufacturers (OEMs), and academia to find a solution for wind blade circularity.

Their work is concrete and project-based:

• They kicked off five new project proposals in 2024, which were awarded by the US Department of Energy and are continuing into 2025, focusing on wind blade recycling and sustainable materials.
• They are leading projects to convert decommissioned blades into alternative uses, including concrete products, construction panels, and recycled fiberglass yarns.
• In 2024, they collaborated with the University of Tennessee, funding pilot scale equipment to test the scalability of combining recycled fiberglass with synthetic fiberglass to create a new yarn material.

The industry challenge is significant-wind turbines are generally 85% to 90% recyclable, but the blade composite material makes up the difficult remaining percentage. TPI Composites, Inc.'s focus here is a critical long-term opportunity, as the wind blade recycling market is projected to grow significantly, potentially reaching $370.9 million by 2029. This proactive work positions them well for future regulatory changes, like the potential European ban on landfilling wind blades by 2025.